bitcoin

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings  – Bitcoin News

Report Claims U.S. Prosecutors Investigate Hedge Funds in Connection with Binance Dealings  – Bitcoin News

Federal prosecutors are reportedly investigating U.S.-based hedge funds that have dealt with the cryptocurrency exchange Binance, according to two people familiar with the matter. The hedge funds were allegedly issued subpoenas by the U.S. attorney’s office for the Western District of Washington. Sources Say U.S. Department of Justice Probes American Hedge Funds in Cryptocurrency Investigation Following a Reuters report in mid-December 2022 that said Binance is being probed by the… Source link

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Sentiment among Bitcoin and Ethereum options traders flips bullish

Sentiment among Bitcoin and Ethereum options traders flips bullish

Glassnode data analyzed by CryptoSlate showed significantly greater open interest calls for Bitcoin and Ethereum. Calls and puts refer to the buying and selling, respectively, of options. These derivative products give holders the right, but not the obligation, to buy or sell the underlying asset at some future point for a predetermined price. This predetermined price is also called the strike price; in conjunction with the spot price, it determines the option’s “moneyness.” Calls, where… Source link

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Bitcoin Price Holds Ground But Will Stronger Interest in ETH and XRP Lead to Price Take Off?

Bitcoin Price Holds Ground But Will Stronger Interest in ETH and XRP Lead to Price Take Off?

BTC spiked but failed to cross the $17,000 level on Sunday, and it is now trading in a narrow trading range of $16,900 to $17,000. The global crypto market cap is $8 billion at the time of writing, up 0.15% from the previous day. Bitcoin’s dominance is 39.57%, down 0.02% in 24 hours.  Santiment, a market intelligence platform, tweeted on January 8 that the market capitalization of all coins in the cryptocurrency market had been… Source link

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Bitcoin, Sango Coin and the Central African Republic

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR since allowing its citizens to make everyday purchases with the seminal cryptocurrency. The CAR, a substantially less economically developed… Source link

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Bitcoin, Sango Coin and the Central African Republic

In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin (BTC) as a legal tender. As the second country globally to recognize Bitcoin in such a fashion, the CAR followed in El Salvador’s footsteps. El Salvador has since boasted surging tourism numbers, a resilient economy and a healthy amount of free PR since allowing its citizens to make everyday purchases with the seminal cryptocurrency. The CAR, a substantially less economically developed… Source link

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Where Bitcoin Mining Goes From Here – CoinDesk

Where Bitcoin Mining Goes From Here – CoinDesk

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Image credit: Yuichiro Chino/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Source link

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Bitcoin attracts mega whales with new moves, finds support at the $16,800 level

Bitcoin price is prepared to break out of its triangle formation after establishing new support at the $16,800 level.  The cryptocurrency has attracted large wallet investors to its network with a new 100-week point of control below the $17,000 level.  Experts believe that the $16,800 level is the new potential bottom for the asset; this is where the most volume has been traded in the last 100 weeks. Bitcoin, the most significant asset by market capitalization,… Source link

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Bitcoin Holders To Expect More Difficulties As Data Point To Looming BTC Price Drop

Bitcoin, following the implosion of crypto exchange FTX, continues to struggle not only in terms of its trading price but also in its profitability. It can be recalled that the company, back in November 2022, moved to file Chapter 11 bankruptcy in a U.S. county court, and collapsed in just a matter of days. Bitcoin, being the main driving force of the crypto market, was greatly affected by this unfortunate development and eventually exited 2022 with a value that was significantly lesser… Source link

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Popular Analyst Predicts Big Rallies for Bitcoin and One Ethereum Competitor – Here’s His Timeline

Popular Analyst Predicts Big Rallies for Bitcoin and One Ethereum Competitor – Here’s His Timeline

A popular crypto strategist and trader thinks that Bitcoin (BTC) and one Ethereum (ETH) rival are gearing up for huge rallies. Pseudonymous analyst Inmortal tells his 190,400 Twitter followers that he sees Bitcoin rallying close to $30,000 in the coming months before a final capitulation event that takes BTC to $12,500 later this year. “Two relevant levels: 2018 and 2021 yearly open. > Bear market rally mid 2023 > Sub-20,000 in late Q4.” Source: Inmortal/Twitter At time of… Source link

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Ethereum whales predict bloodbath in the altcoin bet on ETH price decline below $400

Ethereum network’s large wallet investors are betting on ETH price drop to the $400 level via put options.  An order has been placed for 26,000 ETH put options with a strike price of $400, the options expire on June 30, 2023.  ETH price needs to break past resistance between the $1,300 and $1,400 level to break out of its downtrend.  Ethereum, the second-largest asset by market capitalization, is at the risk of decline. Based on options data, ETH is likely to… Source link

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